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Axel Springer to acquire Telegraph Media Group in £575m deal
German media giant Axel Springer SE has announced a deal to acquire the Telegraph Media Group (TMG), publisher of The Daily Telegraph, from RedBird IMI for around £575 million. The move is part of Axel Springer’s strategy to expand its international media portfolio and strengthen its presence in the English-speaking world. Both companies say the agreement will help maintain the Telegraph’s editorial independence and support its continued development as a leading voice in British journalism. Ax
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